photo credit: Vartan Group, Inc.
| Location | Susquehanna Township, Dauphin County, Pennsylvania |
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| Project Sponsor / Borrower | Vartan Group, Inc./ Hawthorne SPE, LLC |
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| Mode | Local Road |
| Description | On December 19, 2018, the Dauphin County Board of Commissioners approved a $5.3 million, 10-year loan from the Dauphin County Infrastructure Bank to fund roadway improvements needed for the Susquehanna Union Green, a major, mixed-use development in Susquehanna Township, near Harrisburg. The 58-acre project is being developed by Vartan Group, Inc. and will include 26 commercial and retail buildings, a 110-room hotel, a 240-apartment senior community, and 31 single-family homes. The 10-year loan will be made available to Vartan Group at an interest rate of 0.85 percent. The loan will be used to widen portions of Linglestown Road and Progress Avenue, install a new traffic signal at Progress and Garrison Avenues, and make additional improvements on Paxton Church Road. The project also includes utility reconfigurations and the installation of new sidewalks and crosswalks. The transportation improvements are being designed and implemented directly by the developer through standalone design and construction contracts. The proceeds from the Dauphin County Infrastructure Bank loan will cover all costs associated with implementing the improvements. |
| Cost | $5.3 million |
| Funding Sources | Dauphin County Infrastructure Bank - $5.3 million |
| Project Delivery / Contract Method | Design-bid-build |
| Private Partner | Vartan Group, Inc. |
| Project Advisors / Consultants | Traffic Planning and Design, Inc. - Traffic Engineer Herbert, Rowland & Grubic, Inc. - Consulting Engineer Eckert Seamans Cherin & Mellott LLC - Legal Counsel |
| Lenders | Dauphin County Infrastructure Bank The loan is made to Hawthorne SPE, LLC, which is solely owned by Vartan's Buonarroti Trust. Hawthorne's proposed collateral includes a guarantee of the Buonarroti Trust, and a subordinate mortgage on the development. |
| Duration / Status | Final Design |
| Financial Status | Ten-year loan approved by the Dauphin County Board of Commissioners on December 19, 2018. |
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| Related Links / Articles | Commissioners approve $5.3 million Dauphin County Infrastructure Bank Loan for Susquehanna Union Green development road improvements (Dauphin County) Dauphin County Infrastructure Bank Program Guidelines Dauphin County Launches Infrastructure Bank (Governing, May 30, 2013) |
| Contacts | Catherine A. Wilsbach, P.E. |
